Bill allowing LTAT to stash funds in overseas banks passed
Published: Aug 1, 2022 11:25 AM
PARLIAMENT | Legal amendments giving the Armed Forces Fund Board (LTAT) broader investment powers have been passed in the Dewan Rakyat with a voice vote.
It will allow the board - which manages pensions for veterans - to deposit monies in local or overseas banks and financial institutions as investments, among other measures.
Other investment measures now open to LTAT in Malaysia or abroad include acquiring...
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